Fintech platform True Balance has raised $10 million in debt funding from a group of investors including Northern Arc Capital to support the growth of its lending arm, True Credits Pvt Ltd.
The fresh debt capital will be used to expand True Credits’ lending operations and launch new loan products in the Indian market.
Founded in 2014, True Balance focuses on providing financial services to underbanked and new-to-credit users. Through its NBFC arm, the company has disbursed more than $30 million in loans during the current financial year.
True Balance…

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